Saxoncroft Limited - Abbreviated accounts 16.1

Saxoncroft Limited - Abbreviated accounts 16.1

SAXONCROFT LIMITED - Company Information

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REGISTERED NUMBER: 01624651 (England and Wales)





















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

SAXONCROFT LIMITED

SAXONCROFT LIMITED (REGISTERED NUMBER: 01624651)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SAXONCROFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2016







DIRECTOR: A B Merrington





SECRETARY: Mrs S J Merrington





REGISTERED OFFICE: 6 Abbey Court
High Street
Newport
Shropshire
TF10 7BW





REGISTERED NUMBER: 01624651 (England and Wales)





ACCOUNTANTS: Barringtons Limited
Abbey Court
High Street
Newport
Shropshire
TF10 7BW
Page 1
SAXONCROFT LIMITED (REGISTERED NUMBER: 01624651)

ABBREVIATED BALANCE SHEET
30 APRIL 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 607 222

CURRENT ASSETS
Stocks 54,730 60,781
Debtors 11,094 -
Cash in hand 2,061 -
67,885 60,781
CREDITORS
Amounts falling due within one year 57,900 40,308
NET CURRENT ASSETS 9,985 20,473
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,592
20,695

PROVISIONS FOR LIABILITIES 110 -
NET ASSETS 10,482 20,695

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 10,480 20,693
SHAREHOLDERS' FUNDS 10,482 20,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
SAXONCROFT LIMITED (REGISTERED NUMBER: 01624651)

ABBREVIATED BALANCE SHEET - continued
30 APRIL 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 5 September 2016 and were signed by:





A B Merrington - Director


The notes form part of these abbreviated accounts

Page 3
SAXONCROFT LIMITED (REGISTERED NUMBER: 01624651)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015 3,082
Additions 558
At 30 April 2016 3,640
DEPRECIATION
At 1 May 2015 2,860
Charge for year 173
At 30 April 2016 3,033
NET BOOK VALUE
At 30 April 2016 607
At 30 April 2015 222

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary Shares £1 2 2

Page 4